Coalition for GSP: Press Release on Final Congressional Passage of GSP Renewal Legislation

The Coalition for GSP put out a press release this evening cheering final passage of the GSP/TAA bill by the HouseClick here to download a copy of the press release, which includes statements of support from more than 20 companies and associations.

You can also see the company/association reactions on this page, which will be updated as we receive more statements.

Quotes from release:

Laura Baughman, Executive Director of the Coalition for GSP: “Today’s action will provide immediate relief for companies that have been burdened by increased costs for the last 10 months. The extension through July 2013 allows those companies to plan their sourcing confidently with the knowledge that those benefits will be in place for the next two years.”

Daniel Anthony, Research Director of the Coalition for GSP: “Retroactive reauthorization of the GSP program, which triggers a refund of duties paid to date, will infuse a half of a billion dollars into the economy. This money, coupled with duty savings going forward, will help American companies hire new employees, expand their operations, and get the U.S. economy moving in the right direction.”

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